1. MCA Contents
  2. TITLE 19
  3. CHAPTER 9
  4. Part 12
  5. 19-9-1205 Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns

Montana Code Annotated 2023

TITLE 19. PUBLIC RETIREMENT SYSTEMS

CHAPTER 9. POLICE RETIREMENT -- STATEWIDE PLAN

Part 12. Deferred Retirement Option Plan (DROP)

Retirement System Contributions -- Benefit Payments To Individual Drop Accounts -- Investment Returns

19-9-1205. Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns. (1) During a member's participation in the DROP, state contributions under 19-9-702, employer contributions under 19-9-703, and member contributions under 19-9-710 must continue to be made to the retirement system.

(2) For each DROP participant, the board shall calculate a monthly DROP accrual and the contribution to the participant's DROP account.

History: En. Sec. 5, Ch. 514, L. 2001; amd. Sec. 101, Ch. 429, L. 2003; amd. Sec. 24, Ch. 128, L. 2007.